News & Events

Al-Riyada Finance & investment posted a 34% growth in profits during 2015. Net income stood at KWD 1.09 mn ( PS 7.9 fils) compared to KWD 0.8 mn (EPS 5.4 fils) in 2014. While the cumulative return on equity stood at 40% since inception of the company in 2008.   During the annual general meeting which was attended by all shareholders, Mr. Muhannad Al Sane announced that “ Al-Riyada” is moving forward with its strategic plan to diversify its sources of income through several business segments which includes; reaping profits..

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  Well positioned in the regional finance market AN EXCLUSIVE INTERVIEW WITH:MUHANNAD AL-SANE
Chairman & CEO, Al-Riyada Finance & investment
As the country seeks future ways to diversify the economy, given falling oil prices, what do you think Kuwait must do to expand and diversify its economy?
Everyone agrees that we must move away from the oil sector and focus on other segments. Everyone understands that diversification is now a necessity. We have sixteen consecutive years of budget surplus. Sixty..

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Mr. Muhannad Al-Sane -Chairman & CEO participated as a speaker on behalf of AL-RIYADA FINANCE & INVESTMENT CO. in Inslamic Finance News (IFN) Kuwait Forum 2015 which was held in Kuwait 19/11/2015.
IFN REPORT:
The Islamic finance industry continues to go from strength to strength in Kuwait, with its five Islamic banks experiencing 11% growth this year (compared to 8% for the five conventional banks) and capturing 38% of total assets. But the country offers much more than just Islamic banking &ndash..

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Al-Riyada Finance & Investment Company achieved good financial performance in 2014, with a net profit of KD 808,459 (5.4 fils per share) compared with a net profit of KD 2,101,290 million (14 fils per share) in the previous year. The company book value reached 133 fils per share as of 31 December 2014, while the cumulative rate of return on equity posted a growth of 33% since inception in 2008.
Mr. Muhannad Al- Sanee, Chairman & CEO, pointed out during the ordinary and extraordinary General Assembly which was held the day befor..

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Al-Riyada Finance & Investment Co achieved superior financial performance in 2013, with a net profit of KD 2,101,290 million (14 fils per share) compared with a net profit of KD 300,299 thousands (2 fils per share) in the previous year. The company’s book value reached 127 fils per share as of 31 December 2013, while the cumulative rate of return on equity posted a growth of 27% since inception in 2008.
Mr. Muhannad Alsane, Chairman and Managing Director said in the Annual General Assembly which achieved an attendance rate o..

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Chairman & Managing Director of Al-Riyada Finance & Investment Co., Mr. Muhannad Mohammad Al-Sane, unveiled the company's plans that focus on diversifying its business and sources of income and improving its investment projects, as well as investment in key sectors of real estate and finance.
Al-Sane mentioned in his speech during the General Assembly, which was held by the presence of 100%, that Al-Riyada has established a network of strategic alliances managed to create investment opportunities of operating profits an..

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Al-Riyada Finance & Investment Company announced recently the completion of the sale transaction of a major real estate investment represented in “Divonne” Restaurants Project, located at the State of Kuwait Abu-Al-Hasania area – Fahaheel Highway. The exit value amounted KD 10 Million, realizing total returns on investment (40%) for the company and its clients. Bearing in mind that the investment period approximated 3 years and profits will be included in the 2013 financial results.
Mr. Muhanad Al-Sane - Chairma..

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